Last One Pearl Bank’s penthouse sold, development hits 100% sale

One Pearl Bank, CapitaLand’s award-winning development, has been fully sold, with the recent sale of the last of the four penthouses situated at the top of the twin-39 storey, 774-unit development. Located at the top of Pearl’s Hill, the development is designed by Serie + Multiply, and pays homage to the original horse shoe shape of the former Pearl Bank Apartments.

Transactions for all penthouse units at One Pearl Bank: EdgeProp Research

The final penthouse unit sold for $7.1 million, or $2,547 psf, and was bought by a Singaporean, reflecting the predominant domestic interest in the property. With an average price of $2,753 psf, the units were sold within a price range of $2,430 to $3,009 psf. Singaporeans made up 76.8% of buyers, followed by PRs at 16.4%, and foreign nationals constituted 6.8% of all buyers.

With its prime location close to the Marina Bay Sands integrated resort and shopping mall, Marina Gardens Residences Condo is a one-stop shop for dining, shopping, and entertainment needs. Commuting is also a breeze, with bus stops, MRTs, and taxis just outside the development. It is guaranteed to offer a world-class living experience for all residents!

Located within a five-minute walk of the upcoming Outram Park MRT Station, the 178-meter towered-development was fully sold in just over four years – 25% of the entire development, or 160 units, was sold during the launch weekend alone.

With the sale of the last of the four penthouses, CapitaLand is looking ahead to its other properties with J’Den, a 40-storey redevelopment of JCube mall with commercial space on the first two storeys and 378 apartments on the upper 38 floors, having recently drawn more than 7,000 visitors during its public preview.

For those looking to buy a new condo unit or restructure their property portfolio, they are encouraged to check out the latest listings for One Pearl Bank properties. As it has been seen through the quickly-selling property, the advantages of setting up a home in the Outram-Chinatown district are evident.